Barack Obama was “incredulous” at what he was hearing, said one of his top economic advisers. The president had spent his first year in office overseeing the biggest government bailout of the financial industry in American history. Together with Federal Reserve chairman Ben Bernanke, he had kept Wall Street afloat ...
Cantwell, Murray back Elizabeth Warren for consumer agency
Saying its director should be "independent" and an "outsider," Sens. Patty Murray and Maria Cantwell, D-Wash., are backing Harvard Law bankruptcy expert Elizabeth Warren to head the new Bureau of Consumer Financial Protection. The consumer bureau is a key component of Wall Street reform legislation recently passed by Congress and ...
Senate Democrats abandon comprehensive energy bill
WASHINGTON – Senate Democrats on Thursday gave up plans to attempt to pass an energy bill that caps greenhouse gases blamed for global warming, abandoning a priority of President Barack Obama.Obama had hoped to add a climate bill to the two biggest legislative successes of his presidency, a comprehensive health ...
Congressional support grows for Warren to head consumer protection bureau
Members of Congress are now lining up to enter the battle over who President Obama should choose to head the newly-created Bureau of Consumer Protection.Two Democratic lawmakers, Rep. Carolyn Maloney of New York and Sen. Tom Harkin of Iowa, are spearheading efforts in their respective chambers get Harvard Law's Elizabeth ...
Progressives side with Warren, knock Geithner
Progressives are urging President Obama to nominate Troubled Asset Relief Program watchdog Elizabeth Warren to head the new consumer agency created by financial reform legislation.The Progressive Change Campaign Committee (PCCC) seized on a report Friday that Treasury Secretary Timothy Geithner opposes a possible Warren nomination to the Consumer Financial Protection ...
Reid: Final vote on bank regulation on Thursday
WASHINGTON — Senate Majority Leader Harry Reid is planning a final vote Thursday morning on a sweeping overhaul of financial regulations. Passage in the Senate would send the bill to President Barack Obama for his signature. Reid announced the timing Tuesday after votes to ensure its passage fell into place. ...
Feingold Will Vote Against Financial Services Reform Bill
With three Republican senators (Scott Brown of Massachusetts and Mainers Susan Collins and Olympia Snowe) now signaling that they will vote with Democrats to enact new rules for how Wall Street and the big banks do business, President Obama says the country is on the verge of taking the steps necessary to prevent future financial meltdowns.“What members of both ...
Why a Bank-Bashing Populist Democrat Opposed the Wall Street "Reform" Bill
No member of the House has been a harsher critic of the abuses of big banks and Wall Street that Ohio Democrat Marcy Kaptur.No member of the House has been more on-target in his condemnations and her calls for reform.During the bank bailout fight of 2008, Kaptur became a national folk-hero ...
Fix the Deficit: Clawbacks Before Cutbacks
Today we launched Fix It week on my show. I hope this week will help aid what I believe is already a growing movement to finally acknowledge and address the long-standing issues that continue to unnecessarily harm our great country. Fortuitously, considering the recent news from the G20, we kick ...
Wall Street Reform: Politicians Lie, Media Applauds, America Suffers
The same Washington spinsters who have driven our country into the ground seem to be out in full force this morning, claiming that their latest policy "victory" is the most "sweeping change" of our financial regulatory since the Great Depression.Actually, it is nothing more than window dressing. The real sweeping ...
Bank Stocks Rally As Financial Reform Comes Together
Financial stocks rallied after Congress passed a key hurdle--rather painlessly--in its effort to reform the U.S. financial regulatory structure, paving the way for President Obama's signature in the coming weeks."There was a big political component to this, and the fear on Wall Street was that this bill would be a ...
Wall Street dodges bullet on derivatives
NEW YORK -- It's a brave new world for the derivatives market. Or is it?Congress' efforts to reshape this murky corner of the nation's financial system may have little impact on the Wall Street firms that dabble in these complex financial investments. As part of the financial regulatory reform bill ...
Obama claims victory in financial overhaul deal
WASHINGTON – House and Senate negotiators reached a dawn agreement Friday on legislation that redefines federal oversight of Wall Street and, following the signing of the health care act in March, adds another milestone to mark the Obama presidency.President Barack Obama declared victory Friday after congressional negotiators reached agreement on ...
White House summons McChrystal
The top U.S. general in Afghanistan was summoned to the White House to explain remarks critical of the Obama administration, U.S. officials said on Tuesday, as speculation grew that he could be ousted.The unusual move came a day after General Stanley McChrystal, the commander of U.S. and NATO forces in ...
Banking split essential to avoid new financial crisis, warns OECD adviser
The global economy will be plunged into a second and even more serious crisis unless banks are split into separate retail and speculative arms, a senior policymaker from the west's leading thinktank said today. Adrian Blundell-Wignall, special adviser on financial markets to Angel Gurría, secretary general of the Organisation for ...
President Obama and leading Democrats are calling the "Restoring American Financial Stability Act of 2010" the greatest overhaul of Wall Street since the Great Depression. And that may well be true. But judging from the many loopholes in the legislation—with more to come as the banks maneuver stealthily to tweak ...
The one main benefit to the financial reform effort so far is that it helps further do away with the false paradigms of "left" or "right" and "Democrat" or "Republican" - fewer and fewer people are falling for those lies anymore. Try to get an ideological conservative to explain why ...
New York marchers protest Wall Street, big banks
NEW YORK, April 29 - Several thousand demonstrators marched through the New York financial district on Thursday in a protest led by labor unions, saying Wall Street's biggest banks must account for record profits while average Americans still suffer financially. Spearheaded by the AFL-CIO, the march made its way through ...
Irate Workers, Union Leaders Rally On Wall St
NEW YORK — Frustration mounted on Wall Street Thursday as a huge protest took place. Demonstrators voiced their anger at the big banks who they say took the bailouts and still cut jobs. The protest was organized by a group calling itself "The Other 98 Percent," who are demanding financial ...
Judd Gregg and Ben Nelson: More Socialism Please
As we find our economy subsisting on massive government spending and no-strings-attached bailouts, borrowed, of course, from future generations, what solutions do the same leaders who got us into this mess offer? You already know the answer -- more government handouts.The latest gambit?Politicians like Judd Gregg and Ben Nelson are ...
Protesters Launch Showdown With the Monster Banks, Demand Wells Fargo to End Predatory Lending
"We are many and they are few -- and today they have to deal with us!" yelled an organizer at a San Francisco march and rally on Tuesday afternoon aimed at calling out Wells Fargo for its predatory lending practices. A crowd of a few hundred pissed-off consumers responded boisterously ...
Unions to rally for financial reform
The Service Employees International Union (SEIU) on Monday announced that several rallies will occur this week demanding financial reform. The demonstrations will be held at events hosted by some of the country's largest banks. "The nation's biggest banks crashed the economy, causing over 8 million to lose their jobs, 1 out ...
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January 17th, 2012
STOP SOPA: Why MichaelMoore.com Will Be Blacked Out Wednesday, January 18th
My websites MichaelMoore.com and Mike's High School Newspaper will both be going dark for 24 hours starting at midnight tonight in protest of the Stop ...
December 30th, 2011
75 Years Ago Today, the First Occupy
On this day, December 30th, in 1936 -- 75 years ago today -- hundreds of workers at the General Motors factories in Flint, Michigan, took ...
December 28th, 2011
Click here to donate to the congressional campaign of Flint's own Dan Kildee I have many things I'm planning to do in the New Year ...
December 24th, 2011
A Little Christmas Gift for You to Download
Thanks for all the wonderful comments regarding the short story about my mom from HERE COMES TROUBLE that I sent you a few days ago. ...
December 20th, 2011
Here's a New Free Chapter from HERE COMES TROUBLE
Thank you to the tens of thousands of you who have read HERE COMES TROUBLE and helped to make it a New York Times bestseller ...
December 18th, 2011
LAST CALL: Signed First Editions Will Be Gone by Tomorrow! ORDER TODAY, RECEIVE BY XMAS
My publisher has informed me that they are down to their last crate of the first printing/first editions of HERE COMES TROUBLE -- the ones ...
December 17th, 2011
A Man in Tunisia, a Movement on Wall Street, and the Soldier Who Ignited the Fuse
It's Saturday night and I didn't want the day to end before I sent out this note to you. One year ago today (December 17th), ...
September 11th, 2010
If the 'Mosque' Isn't Built, This Is No Longer America
OpenMike 9/11/10 Michael Moore's daily blog I am opposed to the building of the "mosque" two blocks from Ground Zero. I want it built on ...
December 14th, 2010
Why I'm Posting Bail Money for Julian Assange
Yesterday, in the Westminster Magistrates Court in London, the lawyers for WikiLeaks co-founder Julian Assange presented to the judge a document from me stating that ...
May 12th, 2011
Some Final Thoughts on the Death of Osama bin Laden
"The Nazis killed tens of MILLIONS. They got a trial. Why? Because we're not like them. We're Americans. We roll different." – Michael Moore in ...
November 22nd, 2011
Where Does Occupy Wall Street Go From Here?
This past weekend I participated in a four-hour meeting of Occupy Wall Street activists whose job it is to come up with the vision and ...
September 22nd, 2011
A STATEMENT FROM MICHAEL MOORE ON THE EXECUTION OF TROY DAVIS
I encourage everyone I know to never travel to Georgia, never buy anything made in Georgia, to never do business in Georgia. I will ask ...
December 16th, 2010
Dear Swedish Government: Hi there -- or as you all say, Hallå! You know, all of us here in the U.S. love your country. Your ...
November 2nd, 2010
This letter contains (almost) no criticisms of how the Democrats have brought this day of reckoning upon themselves. That -- and where to go from ...
Home Front: Portraits from Sheikh Jarrah
Mike, was the triple overtime Outback Bowl come-from-behind win the greatest Spartans game ever?
Yes -- or at least it will be until their appearance in next year's Rose Bowl, a game which... Continue Reading
Michael Moore on Conan, 12/7/11
Michael Moore on The Last Word with Lawrence O'Donnell, 11/21/11
Michael Moore on Countdown with Keith Olbermann, 11/15/11
Michael Moore on The Last Word with Lawrence O'Donnell, 11/9/11
